Ronson wins plan approval

PROPERTY TYCOON Gerald Ronson’s investment club has been given the go-ahead to redevelop a 12-storey Marylebone office building into a residential scheme.

Ronson Capital Partners (RCP), an invitation-only fund for wealthy investors set up by Ronson in 2009, intends to redevelop International House on Chiltern Street, which currently offers 80,000 square feet of office space, into a residential block.

Westminster Council said it has granted planning permission for the scheme, paving the way for the RCP’s debut project, acquired last year for £63m from Lloyds Banking group.